Guideline Value for Bharathipuram Road

Bharathipuram Road guideline value

The current guideline value of Bharathipuram Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This road is located in Ward 10 village under the Peelamedu SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathipuram Road has changed

The guideline value for Bharathipuram Road has undergone several revisions over the years. In 2007, the value was Rs 570 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2023, and then further increased to the current rate of Rs 1,320 per sq.ft in 2024. The register does not have figures for the years 2002 and 2003 for this street.

Between the revisions, there were notable changes: from 2007 to 2012, the value increased by 111%, but it decreased by 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023, and a further rise of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 132%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharathipuram Road's 2024 guideline value is below this median.

• Bharathipuram Huts: Rs 1,320 per sq.ft (2024)
• Bharathiyar Road: Rs 3,850 per sq.ft (2024)
• Bhemanarayanan Street (or) Layout: Rs 1,980 per sq.ft (2024)
• Bazar Street: Rs 2,200 per sq.ft (2024)
• Black Marayamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Balasundaram Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathipuram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathipuram Road?

The Sub Registrar Office that covers Bharathipuram Road is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is crucial when registering property transactions in Ward 10. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathipuram Road?

The current guideline value of Bharathipuram Road is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 132% over the years.

What are the stamp duty and registration fees for property on Bharathipuram Road?

For a 1,000 sq.ft plot, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations for Bharathipuram Road?

The Peelamedu Sub Registrar Office handles property registrations for Bharathipuram Road, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Bharathipuram Road?

Bharathipuram Road is classified as Residential Class II Type - I.